Hewlett-Packard Company’s “Overweight” Rating Reiterated at Barclays (HPQ)
Hewlett-Packard Company (NYSE:HPQ)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Thursday. They currently have a $41.00 price target on the stock, up from their previous price target of $38.00. Barclays’ target price would suggest a potential upside of 16.74% from the company’s current price.
Hewlett-Packard Company (NYSE:HPQ) traded up 4.67% during mid-day trading on Thursday, hitting $36.76. 16,139,931 shares of the company’s stock traded hands. Hewlett-Packard Company has a one year low of $20.25 and a one year high of $36.21. The stock has a 50-day moving average of $34.86 and a 200-day moving average of $32.68. The company has a market cap of $68.791 billion and a P/E ratio of 12.36. Hewlett-Packard Company also saw unusually large options trading activity on Monday. Stock traders bought 9,511 put options on the company. This represents an increase of 122% compared to the average daily volume of 4,289 put options.
Hewlett-Packard Company (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $27.59 billion for the quarter, compared to the consensus estimate of $27.00 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts expect that Hewlett-Packard Company will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, September 8th.
HPQ has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated a “buy” rating on shares of Hewlett-Packard Company in a research note on Thursday. They now have a $39.00 price target on the stock, down previously from $40.00. Separately, analysts at S&P Equity Research initiated coverage on shares of Hewlett-Packard Company in a research note on Monday. They set a “hold” rating and a $2.62 price target on the stock. Finally, analysts at Monness Crespi & Hardt upgraded shares of Hewlett-Packard Company from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $40.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.20.
Hewlett-Packard Company (NYSE:HPQ) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the Government, health and education sectors.
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